Problem 1-5A Preparing a balance sheet LO P2 As of December 31, 2017, Armani Company's financial records show the following items and amounts. Cash $10,000 9,000 6,000 5,000 Accounts receivable Supplies Equipment Accounts payable Common stock 11,000 13,000 4,000 6,000 13,000 33,000 22,000 20,000 12,000 8,000 Retained earnings, Dec. 31, 2016 Retained earnings, Dec. 31, 2017 Dividends Consulting Rental revenue Salaries expense revenue Rent expense Selling and administrative expenses Required: Prepare a year-end balance sheet for Armani Company. ARMANI COMPANY Balance Sheet December 31, 2017 Assets Liabilities Cash Accounts receivable Equipment Total liabilities 0 Equity Total equity 0 O Total liabilities and equity 0 Total assets